On morning of January 29, General Statistics Office (Ministry of Planning and Investment) announced socio-economic situation in January 2024, accordingly, from January 1-15, total export and import turnover of goods reached 29.78 billion USD, up 5.4% over the same period last year. Out of which, exports reached 15.08 billion USD, up 4.1%; imports reached 14.70 billion USD, up 6.8%; trade balance of goods with a surplus of 0.38 billion USD.
Out of total export turnover of 15.08 billion USD, according to calculations by General Statistics Office, domestic economic sector reached 4.02 billion USD, up 10.4% over the same period last year and accounting for 26.7 billion USD; The foreign-invested sector, including crude oil exports, reached 11.06 billion USD, up 1.9% over the same period in 2023, accounting for 73.3% of total export turnover.
By the end of January 15, 2024, there were 4 products with export turnover of over 1 billion USD, accounting for 53.2% of total export turnover. Including: Phones and components reached 2.861 billion USD, up 6.7% over the same period last year; Electronics, computers and components 2.246 billion USD, up 22.1%; Other machinery, equipment, tools and spare parts 1.634 billion USD, down 4.6% and textiles and garments 1.290 billion USD, down 17.8%.
Regarding structure of export goods, according to General Statistics Office, preliminary fuel and mineral goods group reached 108 million USD, accounting for 0.7%; The group of processed industrial goods reached 13.35 billion USD, accounting for 88.5%; Agricultural and forestry products reached 1.3 billion USD, accounting for 8.7%; The seafood group reached 318 million USD, accounting for 2.1%.
Also according to General Statistics Office, as of January 15, 2024, preliminary import turnover of goods reached 14.7 billion USD, up 6.8% over same period last year. Of which, domestic economic sector reached 5.22 billion USD, an increase of 19.1%, accounting for 35.5% of total import turnover; foreign investment sector reached 9.48 billion USD, an increase of 1.1%, accounting for 64.5%.
By end of January 15, 2024, there were 2 products with import turnover of over 1 billion USD, accounting for 42.1% of total import turnover, including: Electronics, computers and components with 4.267 billion USD, increased 9.2% over the same period last year; Other machinery, equipment, tools and spare parts 1.919 billion USD, an increase of 15.2%.
Thus, although it also "contributes" to the 4 billion-dollar export product groups, if compared to the import figure, Electronics, computers and components still have a trade deficit of more than 2 billion USD and machinery products have a trade deficit of more than 2 billion USD, machinery, equipment, tools and other spare parts had a trade deficit of nearly 300 million USD.
Trade balance of goods for the first period of January 2024 has a preliminary surplus of 0.38 billion USD (same period last year, trade surplus of 0.73 billion USD). Out of which, domestic economic sector's trade deficit was 1.19 billion USD; Area with foreign investment, including crude oil, had a trade surplus of 1.57 billion USD.

Source: Vitic/ congthuong.vn